SPACs

Energy

Stem Behind-The-Meter Energy Storage Business and Financials Examined

October 4th, 2023
Smart Buildings

SmartRent Smart Apartment Business, Financials & Growth Strategy Examined

August 14th, 2023
Evolv Weapon Detection
Security

Evolv Technology Weapons Detection Business & Financials Examined

In this Research Note, we examine Evolv Technology, a U.S. provider of AI-based weapons detection for security screening. This article covers the firm’s development, 2022 financials, vertical market approach and growth strategy. It is based on Evolv’s 2023 Analyst Day Presentations, Q4 Earnings Deck, 2022 10K Report and our analysis. The Boston, Massachusetts startup has […]

Learnd Buy Build Strategy
Energy

Learnd BMS Integration Business, SPAC Listing & Growth Strategy Examined

Learnd, a UK-based systems integrator, has announced the acquisition of Complete Energy Controls, a Scottish firm delivering Building Management Systems (BMS) with a multi-site energy management focus. This Research Note highlights the public listing of Learnd, their “buy and build” business model, recent and forthcoming acquisitions, based on investor presentations, SPAC documents and Memoori analysis. […]

PropTech SPAC
Smart Buildings

Another Failed PropTech SPAC: Enocean Terminates Merger Agreement with Parabellum

PropTech SPAC Parabellum Acquisition Corp. (OTC:PRBM) announced last week that energy harvesting IoT specialist, EnOcean GmbH had terminated their merger agreement. This Research Note highlights the company background to this announcement and our overall view of PropTech SPAC companies in the smart buildings market. EnOcean, based in Germany, looked well-positioned to become a successful publicly […]

Video Surveillance Gorilla Technologies
Security

Gorilla Technology Video Surveillance Business & 2022 Financials Examined

In this Research Note, we examine Gorilla Technology Group, the Taiwanese video surveillance business, based on their 2022 financial results, Annual Report, investor presentations and strategic pivot to Security Convergence. This is an update on our previous article, SPACS: The 800-pound Gorilla in the PropTech Room. The Gorilla Technology IPO, was completed in July 2022, […]

Matterport
Smart Buildings

Matterport Digital Twin Business and 2022 Financials Examined

In this Research Note, we examine Matterport, the U.S. digital twin business, based on 2022 financial results, investor presentations, 10K Annual Report and recent press releases. Since its founding in 2011, Matterport, headquartered in Sunnyvale, California, has been a first mover in digitizing, accessing and managing buildings, spaces and places online, with their 3D capture […]

CXApp SPAC
Smart Buildings

Smart Building SPAC Trend Continues with Hybrid Work Play CXApp

Since 2019 the business world has been inundated with high-profile SPAC deals. And while we have certainly seen a slowdown in SPAC deals in recent months, the SPAC trend is by no means over. In the smart building industry, a new SPAC was completed this month, as workplace experience platform provider CXApp completed a business […]

Smart Building Redundancies & Closures 2022 2023
Smart Buildings

Will Smart Building Vendor “Restructuring” Continue into 2023?

We have been keeping track of the notable layoffs and bankruptcies in 2022. The table below highlights 15 companies that have cut staff or closed last year. These are certainly not the only companies cutting costs and reducing personnel. However, it is apparent that even though the commercial smart building space has not been immune […]

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